JPMorgan Chase & Co. Issues Pessimistic Forecast for Commercial Metals (NYSE:CMC) Stock Price

Commercial Metals (NYSE:CMC) had its price objective lowered by research analysts at JPMorgan Chase & Co. from $85.00 to $83.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 41.93% from the stock’s current price.

CMC has been the topic of a number of other research reports. KeyCorp began coverage on shares of Commercial Metals in a report on Wednesday. They issued a “sector weight” rating for the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $84.00 price objective on shares of Commercial Metals in a research report on Tuesday, December 30th. Morgan Stanley increased their price objective on shares of Commercial Metals from $68.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, January 9th. Wall Street Zen raised shares of Commercial Metals from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 28th. Finally, Zacks Research downgraded Commercial Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Commercial Metals Price Performance

CMC stock opened at $58.48 on Friday. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 0.34 and a beta of 1.47. The company has a quick ratio of 3.70, a current ratio of 4.47 and a debt-to-equity ratio of 0.77. Commercial Metals has a 12-month low of $37.92 and a 12-month high of $84.87. The company’s fifty day simple moving average is $72.92 and its 200 day simple moving average is $66.51.

Commercial Metals (NYSE:CMC) last released its earnings results on Thursday, March 26th. The basic materials company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.12). Commercial Metals had a return on equity of 11.43% and a net margin of 5.46%.The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same period in the prior year, the business earned $0.26 EPS. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, analysts expect that Commercial Metals will post 3.09 earnings per share for the current year.

Insider Buying and Selling

In other Commercial Metals news, insider Jennifer J. Durbin sold 25,050 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $79.97, for a total value of $2,003,248.50. Following the completion of the transaction, the insider directly owned 52,880 shares of the company’s stock, valued at $4,228,813.60. This trade represents a 32.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dennis V. Arriola purchased 2,000 shares of Commercial Metals stock in a transaction dated Tuesday, January 20th. The shares were purchased at an average price of $74.69 per share, with a total value of $149,380.00. Following the completion of the transaction, the director directly owned 9,238 shares in the company, valued at approximately $689,986.22. This represents a 27.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Commercial Metals

Institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC bought a new position in Commercial Metals during the third quarter valued at approximately $25,000. Rothschild Investment LLC lifted its holdings in shares of Commercial Metals by 169.6% in the 3rd quarter. Rothschild Investment LLC now owns 515 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 324 shares during the last quarter. Spire Wealth Management boosted its stake in shares of Commercial Metals by 42.4% in the 3rd quarter. Spire Wealth Management now owns 615 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 183 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Commercial Metals by 110.7% in the 4th quarter. Global Retirement Partners LLC now owns 573 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 301 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new position in shares of Commercial Metals during the 4th quarter valued at $54,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Trending Headlines about Commercial Metals

Here are the key news stories impacting Commercial Metals this week:

• Positive Sentiment: Strong Q2 operational results — revenue rose ~21% to ~$2.13B, consolidated core EBITDA roughly doubled year-over-year and core EBITDA margin improved materially; management cited solid momentum in the Construction Solutions (precast) business and growing backlog. PR: Q2 Results
• Positive Sentiment: Capital returns stepped up — board raised the quarterly dividend to $0.20 (≈11% increase) and the company continues buybacks, a signal of management confidence and support for EPS/TP metrics. Dividend Boost
• Positive Sentiment: Analysts still show support — Bank of America and other outlets have framed the quarter as a constructive step (Buy/Overweight stances remain among several firms), underpinning upside if execution continues. Analyst Note
• Neutral Sentiment: New coverage — KeyCorp initiated coverage recently (coverage can increase liquidity/attention but its impact depends on the stance and timing of follow-up research). KeyCorp Coverage
• Negative Sentiment: Earnings-per-share miss — adjusted EPS was $1.16 vs. consensus ~$1.28, which drove some investor disappointment despite the revenue beat and margin gains. Conference call/transcript highlighted the mixed reception. Earnings Transcript/Notes
• Negative Sentiment: Price-target adjustment — Wells Fargo trimmed its target from $80 to $77 but left an Overweight rating; target cuts can weigh on sentiment even when the rating remains constructive. Wells Fargo Note

About Commercial Metals

Commercial Metals Company (NYSE: CMC) is a leading global steel and metal recycler, manufacturer and fabricator based in Irving, Texas. The company operates an integrated network of scrap recycling facilities, electric arc furnace steel mills, metal fabrication plants and distribution centers. Through these operations, Commercial Metals collects and processes ferrous scrap to produce finished steel products and provides recycled metal to a variety of end markets.

In its steelmaking segment, CMC uses electric arc furnace technology to transform recycled scrap into reinforcing bar (rebar), merchant bar, coil and structural products.